STAT Communications Ag Market News

U.S. Domestic Weekly Peanut Price Update

WASHINGTON - Feb 27/15 - SNS - Peanut prices received by farmers for all farmer stock peanuts averaged 21.4 cents per pound for the week ending February 21, down 1.0 cent from the previous week. Marketings of all farmer stock peanuts for the week ending February 21 totaled 84.2 million pounds, up 210,000 pounds from the previous week. Runner-type peanut prices averaged 20.6 cents per pound for the week ending February 21, down 0.4 cent from the previous week. Marketings of runner-type peanuts were 75.0 million pounds, up 4.23 million pounds from the previous week. Peanut Prices and Marketings by Type - United States: January 24, 2015-February 21, 2015 ----------------------------------------------------------------------------------------- : Week ending Item and type:-------------------------------------------------------------------------- : January 24, : January 31, : February 7, : February 14, : February 21, : 2015 : 2015 : 2015 : 2015 : 2015 ----------------------------------------------------------------------------------------- : dollars per pound : Average price : Runner .......: 0.217 0.209 0.213 0.210 0.206 Spanish ......: (X) (X) 0.459 0.304 0.300 Valencia .....: (X) (X) (X) (X) (X) Virginia .....: 0.264 (X) 0.262 0.294 0.262 : All ..........: 0.224 0.209 0.237 0.224 0.214 : : 1,000 pounds : Marketings 1/ : Runner .......: 35,806 93,070 101,555 70,801 75,026 Spanish ......: - - 10,513 3,155 4,321 Valencia .....: - - - - - Virginia .....: 6,424 - 1,211 10,027 4,846 : All ..........: 42,230 93,070 113,279 83,983 84,193 ----------------------------------------------------------------------------------------- - Represents zero. (X) Not applicable. 1/ Quantity purchased from farmers. Statistical Methodology Survey procedures: Price and marketing information included in this report is provided the beginning of each week by first buyers of farmer stock peanuts. Each week, respondents are asked to report total pounds purchased (marketings) from farmers and total dollars paid, by type (Runners, Spanish, Valencias, and Virginias), for the previous week. The reported data are to include all qualities and grades and exclude peanuts used for seed. Data are collected by telephone, fax, and internet each week for the previous week. The peanut price survey is an enumeration of all known first buyers of farmer stock peanuts from growers. Every effort is made to obtain a report from all buyers. Estimating procedures: Since a complete report is not received from all buyers each week, the reported quantities purchased and total dollars paid for each type are expanded to account for non-response. These expanded data are then used to calculate the weighted average price for each type. Estimates of price and marketings are prepared by the Agricultural Statistics Board and reviewed for reasonableness with recent historic estimates and between the different peanut types. Revision policy: Price and marketing estimates for the prior three weeks are subject to revision based on late reports. At the end of the marketing year, all buyers will have an opportunity to update or provide any late data for any week during the marketing year. After this data is incorporated with previously reported data, revised weekly estimates will be published for the entire marketing year. Reliability: The peanut price survey is subject to non-sampling errors such as omission, duplication, imputation for missing data, and mistakes in reporting, recording, and processing the data. These errors cannot be measured directly, but are minimized through rigid quality controls in the data collection process and a careful review of all reported data for consistency and reasonableness. Information Contacts Listed below are the commodity statisticians in the Crops Branch of the National Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to nass@nass.usda.gov Lance Honig, Chief, Crops Branch........................... (202) 720-2127 Anthony Prillaman, Head, Field Crops Section............... (202) 720-2127 Brent Chittenden - Oats, Rye, Wheat................... (202) 720-8068 Angie Considine - Cotton, Cotton Ginnings, Sorghum.... (202) 720-5944 Tony Dahlman - Crop Weather, Barley................... (202) 720-7621 Chris Hawthorn - Corn, Flaxseed, Proso Millet......... (202) 720-9526 James Johanson - County Estimates, Hay................ (202) 690-8533 Bianca Pruneda - Peanuts, Rice........................ (202) 720-7688 Travis Thorson - Soybeans, Sunflower, Other Oilseeds.. (202) 720-7369 Access to NASS Reports For your convenience, you may access NASS reports and products the following ways: All reports are available electronically, at no cost, on the NASS web site: http://www.nass.usda.gov Both national and state specific reports are available via a free e- mail subscription. To set-up this free subscription, visit http://www.nass.usda.gov and in the "Follow NASS" box under "Receive reports by Email," click on "National" or "State" to select the reports you would like to receive. For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: nass@nass.usda.gov. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual's income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF), found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov. END OF REPORT!

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